Sec. 5-21. Liability Insurance Required.

Sec. 5-21. Liability insurance required.

(a) No ambulance certificate shall be issued under this article, nor shall such certificate be valid after issuance, nor shall any ambulance be operated in the city unless there is at all times in force and effect insurance coverage, issued by an insurance company licensed to business in the state, for each and every ambulance owned and/or operated by or for the holder of a certificate, providing for the payment of damages:

(1) For injury to or death of individuals in accidents resulting from any cause for which the owner of said vehicle would be liable on account of liability imposed on him by law, regardless of whether the ambulance was being driven by the owner or his agent, and

(2) For the loss of or damage to the property of another, including personal property, under like circumstances, in such sums and under such terms as may be required in regulations promulgated by the city manager or his designee.

(b) Said insurance policies shall be submitted to the city manager or his designee for approval prior to the issuance of each ambulance certificate. Satisfactory evidence that such insurance is at all times in force and effect shall be furnished to the city manager or his designee, in such form as he may specify, by all certificate holders required to provide such insurance under the provisions of this article.

(c) Every insurance policy required hereunder shall contain a provision for a continuing liability thereunder to the full amount thereof notwithstanding any recovery thereon, that the liability of the insurer shall not be affected by the insolvency or the bankruptcy of the assured, and that until the policy is revoked the insurance company will not be relieved from liability on account of nonpayment of premium, failure to renew license at the end of the year, or any act or omission of the named assured. Such policy of insurance shall be further conditioned for the payment of any judgments up to the limits of said policy, recovered against any person other than the owner, his agent or employee, who may operate the same with the consent or acquiescence of the owner.

(d) Every insurance policy required hereunder shall extend for the period to be covered by the license applied for and the insurer shall be obliged to give not less than fifteen (15) days written notice to the city manager or his designee and to the assured before any cancellation or termination thereof earlier than its expiration date and the cancellation or other termination of any such policy shall automatically revoke and terminate the certificate issued for the ambulances covered by such policy, unless another insurance policy complying with the provisions of this section shall be provided and be in effect at the time of such cancellation or termination. (Code 1959, § 3.1-5; Ord. No. O-12-107, 9-11-12)